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Palmetto State News

Wednesday, September 25, 2024

James Island home prices fall in October 2018

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The median sale price of a home sold in October 2018 in James Island fell by $130,000 while total sales increased by 66.7%, according to BlockShopper.com.

In October 2018, there were 15 homes sold, with a median sale price of $280,000 - a 31.7% decrease over the $410,000 median sale price for the same period of the previous year. There were nine homes sold in James Island in October 2017.

The median sales tax in James Island for the most recent year with available data, 2015, was $1,253, approximately 0.4% of the median home sale price for October 2018.

The following table compares James Island to other Charleston County cities with similar median sales prices in October 2018:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
McClellanville3250%$379,900$222,50070.7%
Melrose10-$375,000$0-
Ravenel220%$288,750$132,500117.9%
Charleston1391343.7%$282,000$285,000-1.1%
Landsdowne21100%$281,250$325,000-13.5%
James Island15966.7%$280,000$410,000-31.7%
Edisto Island4333.3%$257,950$920,000-72%
Laurel Park10-$236,000$0-
Meggett110%$221,000$900,000-75.4%
Drayton20-$212,500$0-
Summerville57-28.6%$209,500$153,50036.5%

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